CFPB – Page 121 – Regulatory Report

What's up

[ May 1, 2025 ] Enforcement of ECOA small-business loan data collection deprioritized at CFPB CFPB
[ May 1, 2025 ] Nearly half of 25 banks evaluated in April by OCC earn ‘outstanding’ CRA ratings OCC
[ May 1, 2025 ] Texas commissioner re-elected as chair of state liaison committee to Exam Council Other
[ April 30, 2025 ] 2 Dems in Senate, House want IG to investigate NCUA Board member firings NCUA
[ April 30, 2025 ] Regulator closes small New Jersey credit union with ‘no prospect for restoring viable operations’ NCUA

Time for change: Mulvaney officially rearranges the letters in consumer agency acronym to BCFP

April 24, 2018 0

Just when you trained your word processing software to accept the acronym “CFPB” as the short way to refer to the federal consumer financial protection agency, the acting head of the organization changes the letters […]

Bureau’s dozen RFIs rack up 200 comments so far; first period closes Thursday

April 23, 2018 0

With the first due date coming this week, at least 200 comment letters have been logged so far in the federal consumer financial protection agency’s quest to elicit “evidence” on how the agency is doing […]

On top of $1 billion fine, Wells to draft plan for remediation of harmed customers

April 20, 2018 0

A total of $1 billion in fines plus restitution – with restitution yet to be determined – was ordered to be paid by Wells Fargo Bank, N.A., over abuses and unsafe practices related to its […]

CFPB annual audit recommends actions related to travel, contracts

April 19, 2018 0

The budget process relative to policies and procedures is among the items outlined in the annual independent audit of the federal consumer financial protection agency, published Wednesday. Among the recommendations included in the document are […]

House expected to soon join Senate in voting to kill CFPB’s rule on indirect auto lending

April 18, 2018 0

Senators voted 51-47 Wednesday to disapprove a rule – adopted five years ago as guidance – outlining indirect auto lenders’ compliance with fair lending requirements, including caps on interest rates. The bill now heads to […]

Senate on threshold of vote to disapprove 5-year-old CFPB action setting interest rate caps on indirect auto loans

April 17, 2018 0

The Senate was poised Tuesday to disapprove a five-year-old action by the federal consumer financial protection agency outlining indirect auto lenders’ compliance with fair lending requirements, including caps on interest rates. Senators voted along party […]

Week ahead: Quarles before Congress, Brainard on reg reform, regulator boards meet – and more

April 13, 2018 0

Two congressional hearings featuring the top supervisory official of the Federal Reserve, a speech on regulatory reform by another Fed governor, transitioning capital rules to new accounting provisions by the federal deposit insurer, the monthly […]

Arguments before appeals court over CFPB ‘acting director’ revolve around meanings in statutes, ‘will’ of the president

April 12, 2018 0

The statute creating the Consumer Financial Protection Bureau (CFPB) protects it from presidential will, an attorney for the claimant to the top position at the agency told a federal appeals court Wednesday. However, an attorney […]

Mulvaney tells panel his CFPB stint ends June 22 if Trump fails to submit a nomination

April 11, 2018 0

The acting director of the Consumer Financial Protection Bureau (CFPB) — who also serves as the White House budget director — told a House panel Wednesday he would have to leave the consumer agency post […]

Overdraft not in CFPB’s spring agenda, Mulvaney says in hearing

April 11, 2018 0

Overdraft rules are not on the spring rulemaking agenda of the Consumer Financial Protection Bureau (CFPB), the bureau’s acting director, Mick Mulvaney, told lawmakers during Q&A in a House Financial Services Committee hearing Wednesday. Mulvaney, […]

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Enforcement of ECOA small-business loan data collection deprioritized at CFPB

May 1, 2025 0

Add the agency’s Equal Credit Opportunity Act (ECOA) small-business loan data collection rule to those the Consumer Financial Protection Bureau (CFPB) won’t be going out of its way to enforce. The bureau said Wednesday that in light of a stay [...]
Nearly half of 25 banks evaluated in April by OCC earn ‘outstanding’ CRA ratings

May 1, 2025 0

About half of banks – out of 25 total – earned “outstanding” ratings for their compliance with anti-redlining regulations during April, the regulator of national banks said Thursday. In its latest monthly release of ratings for compliance with Community Reinvestment [...]
Texas commissioner re-elected as chair of state liaison committee to Exam Council

May 1, 2025 0

The Texas commissioner of banking will serve as the chair of the state regulator liaison committee for another year to the umbrella group of federal financial institution regulators, the agency announced Thursday. Charles G. Cooper, commissioner of the Texas Department [...]
2 Dems in Senate, House want IG to investigate NCUA Board member firings

April 30, 2025 0

The ranking Democrats on the U.S. Senate Banking Committee and House Financial Services Committee on Tuesday called for an inspector general investigation of the president’s recent firings of National Credit Union Administration (NCUA) Board Members Todd Harper and Tanya Otsuka. [...]
Regulator closes small New Jersey credit union with ‘no prospect for restoring viable operations’

April 30, 2025 0

A small New Jersey credit union was liquidated Wednesday by the federal credit union regulator after the agency said it had found the cooperative to be insolvent. The National Credit Union Administration (NCUA) said it liquidated Unilever Federal Credit Union [...]
Three former credit union workers prohibited in April, agency reports

April 30, 2025 0

Three former credit union workers were prohibited in April from further work in federally insured financial institutions, the federal regulator announced Wednesday. The National Credit Union Administration (NCUA) said the three individuals were: Anh-Thu Nguyen, a former worker of Goldenwest [...]